SHANGHAI, May 17 (SMM) - Protectionist measures have been erected around the world since 2015, as many countries had launched anti-dumping investigations over Chinese steel products. Recently, Eurasian Economic Union (EEU) announced to levy anti-dumping duties of 6.98-20.2% on polymer coated plate products originating from China. US, launching the most trade sanctions on Chinese steel products, also decided to initiate anti-dumping probes on cold-drawn steel pipe/tube from China.

China’s steel exports have been falling since 2015 in the face of growing numbers of anti-dumping investigations by foreign countries.

“Those probes will ratchet up the pressure on Chinese steel exports in 2017, but the impact will be small,” SMM steel analyst projects.

The initiation of anti-dumping investigations is one of reasons behind the decline in Chinese steel exports, but is not the major one, SMM analyst adds.